900 3Rd St Galena, IL 61036
- Hotels
Current Use by Public Records
- Aldrich Guest House / Guest House / Hotel
Property Details for 900 3Rd St
- Year built
- 1845
- Property type
- Hotels
- Property subtype
- Bed & breakfasts
Description
This historic 1845 Galena, IL inn, boasting a TripAdvisor #1 ranking and national accolades, presents a remarkable turnkey investment opportunity. The 5-key, 5-bedroom bed and breakfast enjoys a 60% occupancy rate and consistently outperforms market averages in revenue and rates. Recent extensive renovations (2022-2023) include a new roof, windows, kitchen, and HVAC systems throughout, ensuring low maintenance costs. Each guest room features individually controlled HVAC, and the property includes a private 1-bedroom innkeeper's suite. The inn benefits from a loyal customer base, over 1000 five-star reviews, and a robust online presence, including a recently updated SEO-optimized website and a highly engaged social media following (over 2500 followers on Facebook). Situated on nearly half an acre in a residential neighborhood, the property is within walking distance of Galena's downtown area and a short drive from other area attractions. Its prime location, within a 3-hour radius of major cities like Chicago and Milwaukee, ensures a steady stream of year-round visitors. This exceptional property offers immediate return on investment, a strong foundation for future growth, and the opportunity to build upon an already successful and highly-rated hospitality business. The permitted zoning is residential. Asking price is $975,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Galena
- County
- Jo Daviess
- State
- Illinois
- Longitude
- -90.4269899
- Latitude
- 42.4109064
